Mr Cooper Group Inc (COOP)

[boarddork]

Why would COOP ever do something Bullish to protect their PPS ? They've announced quarter after quarter, years over year, that blah blah they keep authorizing share purchases....stock purchasing goals which never get completely met. And stock repurchase goals won't be met the higher the PPS goes. COOP is probably driving down its own stock, in relation to whatever minimum PPS threshold needs to be crossed. There is no incentive to protect the PPS if your goal is to buy it back.

It's always bothered me from day 1 how this stock wasn't supposed to trade initially, but it did. I can't help but wonder if all of WMIH/COOP's quarter after quarter flogging the 'buyback our shares because it's undervalued' pony is because it was over authorized / oversold to begin with...